Corporate income exempt from income tax.

  1. Law
  2. Missouri Revised Statutes
  3. Business and Financial Institutions
  4. Development Finance Corporations
  5. Corporate income exempt from income tax.

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Effective - 28 Aug 1961

371.220. Corporate income exempt from income tax. — All income received by a development finance corporation is exempt from the taxes imposed on incomes by this state; but this exemption does not apply to income received by stockholders of the development finance corporation in the form of dividends or otherwise.

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(L. 1961 p. 157 § 20)


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